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The Latest Breaking News from Defense Spending

Which Defense Stock Is Signaling Buy: Boeing Co. (BA) vs. CACI International (CACI)

Increasing geopolitical tensions have resulted in a heightened demand for improved defense capabilities, leading to increased defense spending and the rapid development of advanced technologies. In such a scenario, air defense stocks Boeing Co. (BA) and CACI International (CACI) should benefit from industry tailwinds, but which stock is sending a…

StockNews.com

McCarthy says hard-right Republicans ‘want to burn whole place down’

Conference fails to approve procedural motion to take up defense spending bill as government shutdown looms

The Guardian - US

House conservatives torpedo rule on Defense spending bill - Roll Call

Five GOP lawmakers joined with Democrats to tank a move to bring up the $826.4 billion fiscal 2024 Pentagon bill on the House floor.

Roll Call

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Appropriations on the skids - Roll Call

The Senate’s first fiscal 2024 spending package stalled on the floor as hard-line conservatives rebelled, while House leaders had to abandon plans to take up their Defense spending bill. CQ Roll Call’s David Lerman, Peter Cohn and Paul M. Krawzak discuss the challenge to get appropriations back on track and…

Roll Call

4 Air Defense Stocks at the Top of Investors' Buy List

The air defense industry looks poised for long-term growth due to escalating international tensions, technological advancements, and higher defense spending. Therefore, it could be wise to buy fundamentally strong air defense stocks BAE Systems (BAESY), Textron (TXT), Cadre Holdings (CDRE), and CPI Aerostructures (CVU). Keep reading….

StockNews.com

RTX Stock Dives After Disclosing Engine Defect In Earnings Beat; Senate Passes Defense Bill

RTX earnings beat views as the Senate passes the $886 billion defense spending bill. RTX stock fell on a Pratt & Whitney jet engine defect.

Investors Business Daily

The Pentagon doesn’t need $886bn. I oppose this bloated defense budget

As a nation, the time is long overdue for fundamental changes to our national priorities

The Guardian - US

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This year's debate over defense spending threatens to disrupt a tradition of bipartisan consensus-building over funding the military

Each year for the past six decades, congressional representatives from both sides of the aisle have come together to pass the National Defense Authorization Act. Because the bill involves the military – a traditionally popular institution – it has historically received bipartisan support.

The Conversation

Lockheed Martin Stock Eases Despite Improved Outlook; Senate Prepares For Defense Debate

Lockheed Martin topped forecasts early Tuesday while the Senate debates the $886 billion defense spending bill. Lockheed Martin stock rises.

Investors Business Daily

John M. Crisp: We should acknowledge, rather than deny, our racist past

MAGA Republicans’ willingness to gum up the necessary functions of governance was on display last week in the House of Representatives.

Tribune News Service

Donald Trump’s legal team urges Georgia court to block 2020 election investigation – as it happened

Lawyers for former US president ask Georgia’s highest court to prevent district attorney from prosecuting him

The Guardian - US

US military chief praises Japan's defense funding boost as a buttress against China and North Korea

The highest-ranking U.S. military officer is praising Japan's moves to double its defense spending over the next five years, citing rising threats from North Korea and China

The Independent UK

News briefs

Amendments to defense spending bills offer differing views of US role in NATO

Tribune News Service

Amendments to defense spending bills offer differing views of US role in NATO

Congress’ consideration of the defense budget now includes a debate on whether the United States should be a member of NATO, which it helped found after World War II to protect Europe from Russian aggression.

Tribune News Service

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The Independent UK

NATO will boost defense spending to help back Ukraine but the math is tricky. Just ask Luxembourg

NATO leaders are set to make a new defense spending pledge at their summit this week as support for Ukraine eats into their military budgets

McClatchy Washington Bureau

‘Baby steps’ and ‘brinkmanship’: Defense spending debate to test McConnell, McCarthy unity

WASHINGTON – Mitch McConnell has had the National Defense Authorization Act on his brain for weeks, complaining about the pace of the annual allocation for military spending and warning that its size will be integral in deterring creeping Chinese aggression.

Tribune News Service

Analysis: Uncertainty clouds defense spending forecast

WASHINGTON — Even with a budget deal firmly set in law, the size and characteristics of the fiscal 2024 defense budget remain even more in flux than defense bills usually are this time of year.

Roll Call

Defense budget uncertainty - Roll Call

Even with a bipartisan defense spending cap in place, the size and shape of a fiscal 2024 defense budget is still a wild card. CQ Roll Call’s David Lerman and John M. Donnelly outline the factors that could make defense spending much larger, or smaller, than the budget caps deal…

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Roll Call

Analysis: Uncertainty clouds defense spending forecast - Roll Call

Partisan division and the potential for drastic changes mean the future of the Pentagon's fiscal 2024 budget is anything but certain.

The Japan News/Yomiuri

Parties wage 'war of nerves' over defense spending bill

The ruling and opposition parties are waging a psychological war over the date to vote on a draft law to secure financial resources for increased defense spending.

StockNews.com

3 Defense Stocks to Profit From

Geopolitical tensions have heightened defense spending, which is expected to create opportunities for the industry. Therefore, it could be wise for investors to buy defense stocks TransDigm (TDG), Ducommun (DCO), and Astronics (ATRO). Read more.

Reuters

US debt ceiling battle rekindles debate over Ukraine funds

The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week's deal.

Roll Call

Senators eye Ukraine aid bills as avenue to increase DOD budget - Roll Call

Senators are weighing using bills that provide funds for aid to Ukraine as a vehicle to increase the Pentagon's budget.

Roll Call

Hawks worry about defense caps in debt limit deal - Roll Call

The debt limit deal would cap defense spending despite defense hawks in Congress calling for big increases to the Pentagon's budget.

Tribune News Service

Hill-favored projects called defense budget’s ‘black hole’

WASHINGTON -- Congress directed the Pentagon to spend $12.2 billion in the current fiscal year on nearly 1,000 different “program increases” in the Defense spending bill’s research account alone, projects pushed by lawmakers that the Defense Department did not publicly request, according to a previously unpublicized database.

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